Bill Williams’ Indicators Analysis 16.07.2013 (USD/CAD, NZD/USD)
16.07.2013
Analysis for July 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; the angle of angulation is closed; AO and AC indicators are in the grey zone; there are Squat bars on the MFI. I expect the price to start falling down.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; the indicators are in the red zone; there is a Fade bar on the MFI and no Squat ones. After completing a bullish fractal, the price is expected to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. The indicators are in the green zone, very close to the balance line; the price is forming a bullish fractal; there is a Squat bar on the MFI. I opened a buy order with a protective stop below the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is making a reverse upwards. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. After completing bullish and bearish fractals, the price is expected to start growing up.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.